Advisory Board

Rick is a Senior Bank Examiner. He joined the Operational Risk Governance unit at the New York Fed in December, 2011 in the Financial Institutions Supervisory Group (FISG).

Rick began his career as a municipal finance attorney, then joined J.P. Morgan & Co., where played a variety of roles in markets and investment banking. In the late 1990s, Rick joined J.P. Morgan's original operational risk development team. There, he was responsible for framework development tasks and loss data collection and reporting systems. While at J.P. Morgan, Rick chaired the IIF subcommittee that drafted the finance industry's recommendations for Basel II event type categories, and later participated in the definition of loss data recording standards for the Operational Risk data eXchange (ORX). Before joining the Fed, Rick was an operational risk framework consultant for RiskBusiness International, designing customized taxonomic models and structured risk management programs for institutional clients.

Rick has been a writer, speaker and business school instructor on operational risk topics. He received a B.A. (Economics) and M.A. (Organizational Behavior) from Yale University, and a J.D. from University of Connecticut School of Law (Law Review, lead articles editor).

Deborah Hrvatin is a Managing Director and the Global Head of Institutional Clients Group (ICG) Operational Risk Management at Citigroup, reporting to the ICG Chief Risk Officer. Deborah is responsible for improving risk management, strengthening controls, and enabling profitable growth within risk appetite. Deborah joined Citigroup in July 2017 from Deutsche Bank where she most recently was Managing Director and Head of Operational Risk for the Americas and the Global Corporate Finance division. During her 21 year tenure at Deutsche Bank, Deborah held numerous other roles including Head of Operational Risk for the Corporate Banking and Securities division where she was responsible for developing and implementing the division's operational risk management, supervision and information security framework. Deborah also held leadership roles within the business, including Chief Operating Officer for Deutsche Bank's Global Securitization Group.

Prior to joining Deutsche Bank in 1999, Deborah was an Equities Controller with Bankers Trust Company and also served as a Commissioned Bank Examiner with the Federal Reserve Bank of New York. 

Deborah received her BBA and MBA in International Finance from Hofstra 
University.

Dolores (Lori) Miller, CFA is Managing Director, Head of Operational Risk for AIG Investments. Lori is responsible for executing the Operational Risk framework for Investments including RCSAs, risk assessment, and governance. Lori works to promote a proactive risk culture through key processes around new business, model risk, and risk event reporting.
Prior to joining AIG, Lori was Head of Client & Operational Risk for Deutsche Bank GTB Americas region with responsibility for the development and implementation of methodologies, processes, and tools to measure, report, and mitigate key operational risks and emerging risk. Prior to Deutsche Bank, Lori was the Head of Bank Operational Risk Oversight for the Americas region at Credit Suisse. Before her Operational Risk roles, Lori was Managing Director and Head of Asset Management at AMBAC; head of Taxable Fixed-Income portfolio management at American Express; and was a private placement portfolio manager with AIG. Lori has her Bachelors in Finance and her MBA in Finance from The Ohio State University, and is a CFA.

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

Tom Osborn is the desk editor of Risk.net’s risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Tom holds a bachelor’s degree in English literature from the University of Warwick, UK.

Rajeev (Raj) Davé has over 20 years of Compliance, Information Security, Operational Risk and Financial/IT Audit experience. Currently, Davé is the Americas Head of Surveillance at Barclays based in New York City. His work is focused on managing functions and compliance risks across E-Communication, Trade and Control Room activities supporting Barclays businesses across the Americas region. Previously, Davé spent almost 9 years as a VP working in Compliance and Internal Audit with Goldman Sachs in the Chicago, Salt Lake City, New York and Bangalore, India offices. He also spent almost 5 years at the Bank of Montreal Group of Companies in Operational Risk and IT Audit and almost 2 years with KPMG in their Information Risk Management practice. He also practiced risk management at an internet startup venture early in his career and is very interested in researching and deploying enterprise risk techniques to disruptive and emerging technology centric organizations. Over the course of his career Davé has developed and delivered live risk management training to over 10,000 individuals on 5 continents. He thoroughly enjoys classroom engagement with students and is an avid believer in bringing, where applicable, real life examples into the class room to enhance group discussions and learning. Davé has a B.S. in Accountancy from the University of Illinois Urbana-Champaign, an M.S. in Information Systems Management from Loyola University in Chicago, an M.B.A. from the University Of Chicago Booth School Of Business and is a registered Certified Public Accountant in the state of Illinois (Inactive) status.

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

Ken Abbott is currently on the faculty at Baruch College where he teaches both undergraduate and graduate students. He also is an adjunct faculty member at Claremont Graduate University and NYU. Until May 2018, he served as Chief Risk Officer for the Americas at Barclays a position he held since 2015. Prior to that, he spent nine years at Morgan Stanley, where he served as Chief Operating Officer for all Firm Risk. He also covered Commodities, Rates, FX, Retail and Emerging Markets businesses at Morgan Stanley, and was CRO for Its buy-side activity. Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.

Alexander Campbell is the divisional content editor for Risk.net. He was formerly the editor of Operational Risk & Regulation and news editor of Risk magazine. He is based in London.

Michael J. Abriatis serves as PNC's Chief Operational Risk Officer. His is responsible for leading the PNC Operational Risk program. This includes both defining and implementing the PNC's Operational Risk program as well performing independent risk management activities.

He previously served as Chief Operating Officer for Corporate and Institutional Banking. In this role he was responsible for building the C&IB Business Risk Office as well as client analytics, communications, sales reporting, Canada Branch oversight, continuous improvement projects, and client experience initiatives.

Abriatis joined PNC in 2003 and has held numerous positions across PNC. Previous positions include Sr. Basel Program Manager, CFO Corporate Banking, CFO Wholesale Bank (National City Bank), Sr. Sourcing Manager and Business Improvement Consultant.

Michael has an undergraduate degree from Washington & Jefferson College and a MBA from Case Western Reserve's Weatherhead School of Business.

 

Penny is a Managing Director and Head of Operational Risk Governance for the Americas with MUFG Union Bank, where she currently manages the Operational Risk framework, practices, regulatory responses and core programs. Operational Risk & Regulation magazine awarded Penny three awards for her contribution to the field of operational risk, including a special industry award in 2011. Penny has published widely, including authoring the chapter on Risk and Control Self Assessments for the PRMIA Operational Risk Manager Handbook.

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.
Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.
Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.
Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

Flora Sah is the Chief Risk Officer for Global Risk Management at Bank of America. She is the lead risk partner and central delivery conduit, responsible for driving ownership, execution, and oversight between the technology teams and the horizontal risk functions to provide a holistic view of all risks and create robust future state strategy and implementation roadmap.

Before joining Bank of America, Flora was the executive advisory council at Gerson Lehrman Group, responsible for business advisory and technology consulting. Prior to that, Flora held multiple leadership roles at State Street Corporation, including COO of Enterprise Risk Management, Head of Risk & Regulatory Technology, and CTO & Head of Vendor Risk Management. Before joining State Street Corporation, Flora spent several years at Cambridge Technology Partners where she led consulting practices in financial services, retail, and healthcare industry.

Flora holds a M.S. in Engineering Management from Northeastern University and a B.S. in Industrial Engineering and Information Systems from the University of Massachusetts at Amherst.

Rajat Baijal is the Head of Enterprise Risk at the Northview Group. In this role, he is responsible for designing and embedding a robust Risk Framework across the firm. This includes articulating and implementing a robust Risk & Control Self-Assessment (RCSA), Risk Event Management, Key Risk Indicators etc. and ensuring that the Board is suitably informed about all material issues. Rajat has an MBA in Finance and has previously worked for Cantor Fitzgerald, Lloyds Banking Group and Aviva specialising in global implementation of their Risk Framework. Rajat is a regular speaker at risk conferences across London and New York and has authored a number of articles for risk journals/textbooks.

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.
Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.
Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.
Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

Dolores (Lori) Miller, CFA is Managing Director, Head of Operational Risk for AIG Investments. Lori is responsible for executing the Operational Risk framework for Investments including RCSAs, risk assessment, and governance. Lori works to promote a proactive risk culture through key processes around new business, model risk, and risk event reporting.
Prior to joining AIG, Lori was Head of Client & Operational Risk for Deutsche Bank GTB Americas region with responsibility for the development and implementation of methodologies, processes, and tools to measure, report, and mitigate key operational risks and emerging risk. Prior to Deutsche Bank, Lori was the Head of Bank Operational Risk Oversight for the Americas region at Credit Suisse. Before her Operational Risk roles, Lori was Managing Director and Head of Asset Management at AMBAC; head of Taxable Fixed-Income portfolio management at American Express; and was a private placement portfolio manager with AIG. Lori has her Bachelors in Finance and her MBA in Finance from The Ohio State University, and is a CFA.

Lecturer, ERM Program, Columbia University
Managing Director, Head of ORM Framework, Citi (retired)
Principal, Greenwich Risk Management Consulting

Jay Newberry has over thirty years of experience in risk management.  He is currently a Lecturer in the Enterprise Risk Management Program at Columbia University teaching courses in Operational Risk Management, and Traditional Risk and ERM Practices.

Jay recently retired from Citigroup where he was responsible for the global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

His responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, Jay established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of key global operational risk management governance committees.

Jay led U.S. regulatory relations for operational risk and partnered across Citi on global regulatory matters.

In his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types.

Jay’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

Currently Jay is Principal, Greenwich Risk Management Consulting, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry.

Jay earned his BA degree in Economics from Middlebury College and his MBA from the Tuck School at Dartmouth.

 

Michael J. Abriatis serves as PNC's Chief Operational Risk Officer. His is responsible for leading the PNC Operational Risk program. This includes both defining and implementing the PNC's Operational Risk program as well performing independent risk management activities.

He previously served as Chief Operating Officer for Corporate and Institutional Banking. In this role he was responsible for building the C&IB Business Risk Office as well as client analytics, communications, sales reporting, Canada Branch oversight, continuous improvement projects, and client experience initiatives.

Abriatis joined PNC in 2003 and has held numerous positions across PNC. Previous positions include Sr. Basel Program Manager, CFO Corporate Banking, CFO Wholesale Bank (National City Bank), Sr. Sourcing Manager and Business Improvement Consultant.

Michael has an undergraduate degree from Washington & Jefferson College and a MBA from Case Western Reserve's Weatherhead School of Business.

 

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

J.F. Bureau has more than 25 years of experience in the North American and European financial markets. As PSP Investments’ Senior Vice President and Chief Risk Officer, J.F. is responsible for creating an integrated approach to manage a full spectrum of risks and support enterprise-wide activities. Since joining PSP Investments in March 2010, he has built an effective risk structure that includes a total fund perspective in a changing risk landscape. Prior to joining PSP Investments, J.F. held executive finance positions at a number of companies, notably as Vice President, Credit - Specialized Products at National Bank of Canada, Vice President, Corporate Projects – M&A at Groupe Vidéotron ltée, and Senior Vice President and Chief Financial Officer at DiagnoCure. J.F. holds a Master’s degree in Finance from Université Laval and is a CFA charterholder. He is Chair of the Standards of Practice Council of the CFA Institute and a member of the Institutional Investor Solutions-Oriented Investment Forum Advisory Board.

Born and brought up in Mumbai India, Bala Ayyar has worked in the field of Finance & Accounting and Banking for more than thirty years. Bala holds professional accounting qualifications from both India and the United States. He has an undergraduate degree in mathematics from the University of Mumbai.
Since joining SG in 2009, he has held a range of positions. Currently, he is the Chief Data Officer, SG Americas, with responsibility for data management and governance within the Region. This function is responsible for implementing the requirements of BCBS 239, establishing sound data governance framework that meets Group needs and local supervisory expectations and creating a solid platform for the data to be leveraged for strategic business decisions. Prior to that, he headed up the Project Management Office for the SG US Transformation project. Roles before that included Head of Finance Offshoring in SG Bangalore and Deputy CFO of the Americas Region of their Corporate & Investment Bank.
Prior to joining SG, Bala was with the Imperial Bank of Commerce (CIBC) for fourteen years in a range of positions in Toronto and New York. As Senior Vice President of the Wholesale North America Finance, he headed up the controllership function for CIBC's World Markets and Treasury & Risk Management Strategic Business Units within North America. With a total team of about 175 individuals across Toronto and New York, he was responsible for establishing a SOX-compliant industry-leading Finance control environment as well as supporting the efficient execution of business initiatives and managing the Finance related US regulatory relationships during a very demanding period. Prior to that, he also had stints as the business-line controller for the Bank's US origination businesses (Corporate Lending, Investment Banking, Merchant Banking, Structured Finance and High Yield), as well as the 2/ic to the Chief Accountant, with responsibility for consolidated financial, management and regulatory reporting at the corporate level.
Prior to CIBC, he was with the public accounting firm of KPMG for 10 years, mostly in Bahrain in the Middle East. He held a range of positions culminating in Senior Manager. Responsible for assurance and consulting engagements for offshore banks, focused on technical excellence, customer satisfaction and practice profitability. He was the Engagement Senior Manager for the region's second-largest bank and also played a key role in setting up a Treasury consulting specialization within KPMG Bahrain.
Bala Ayyar lives in Basking Ridge, New Jersey, is married with two children and enjoys long-distance running.

Jimmy has 20 years of experience as senior executive in risk analytics for large / global banks across US, Asia and Canada.

He is currently Managing Director, Global Head of Credit and Operational Risk Analytics at Bank of Montreal – One of the top 4 banks in Canada with asset size more than 700B USD.

Before Jimmy joined BMO, he was Managing Director at MUFG (largest Japanese Bank with more than 3 trillion USD asset size) as Head of North America Credit Analytics, Executive Vice President for First Horizon National Corporation and Senior Vice President for Wells Fargo.

He also had prior experience managing Model validation and Enterprise risk management.

Jimmy was a Peking University graduate in computational mathematics and he also has a PhD in applied mathematics and an honor graduate of Southwestern Graduate School of Banking.

Jimmy is a well-known industry expert, speaking and chairing many industry conferences each year: RiskMinds, Risk USA, Stress Testing USA, Quant Congress, IACPM, RMA, FIMA, Moody’s Risk Practitioner and IFRS-9 / CECL conferences etc.  

Jimmy also published several papers in Academic Journals and is a contributor to two books published by RiskBooks.

Ms. Girling is SVP, Chief Risk Officer at Investors Bank. She was previously Business Risk Officer - SVP, at Capital One Commercial Bank. She has over 20 years of experience in the global financial services industry. She is a recognized risk management leader in the industry and was named one of the decade's "Top Fifty Faces of Operational Risk". In addition to authoring two Operational Risk textbooks, she is also an active public speaker on topics of Operational and Regulatory Risk Management. Holding a PhD (Global Affairs), the New York Bar and Financial Risk Manager (FRM) qualifications, she was also recognized in 2014 by Working Mother Magazine as one of the top 100 Working Mothers in America.

Ina Wanca is a cybersecurity and AI professor at New York University and a founder of AI Governance LLC, a strategy consulting company focused on FutureCrafting, tackling complex problems such as building cyber-awareness and trust between humans and AI in smart cities and deep space. She is affiliated with Carnegie Mellon University, the FBI InfraGuard, the Council of Europe Cybercrime Octopus Community, and the Initiative for the Study of Emerging Threats at the Center for Global Affairs at New York University.

Prominent cybersecurity and artificial intelligence scholar and advisor, known for groundbreaking contributions to social, criminal justice, business issues, and her pioneering cyberlearning platforms which prevented up to 91% of internal cyber-threats. Previously, Ms. Wanca worked for the Crime Commission of NYC as a Director of Cybercrime Prevention where she pioneered the Predictive Prevention Lab. Throughout her career, Ms. Wanca advised various international, intergovernmental, diplomatic, and private organizations including the United Nations, the International Peace Institute, Bloomberg LP, Chubb limited and the U.S. Mission to the European Union.

Deborah Hrvatin is a Managing Director and the Global Head of Institutional Clients Group (ICG) Operational Risk Management at Citigroup, reporting to the ICG Chief Risk Officer. Deborah is responsible for improving risk management, strengthening controls, and enabling profitable growth within risk appetite. Deborah joined Citigroup in July 2017 from Deutsche Bank where she most recently was Managing Director and Head of Operational Risk for the Americas and the Global Corporate Finance division. During her 21 year tenure at Deutsche Bank, Deborah held numerous other roles including Head of Operational Risk for the Corporate Banking and Securities division where she was responsible for developing and implementing the division's operational risk management, supervision and information security framework. Deborah also held leadership roles within the business, including Chief Operating Officer for Deutsche Bank's Global Securitization Group.

Prior to joining Deutsche Bank in 1999, Deborah was an Equities Controller with Bankers Trust Company and also served as a Commissioned Bank Examiner with the Federal Reserve Bank of New York. 

Deborah received her BBA and MBA in International Finance from Hofstra 
University.

Dolores (Lori) Miller, CFA is Managing Director, Head of Operational Risk for AIG Investments. Lori is responsible for executing the Operational Risk framework for Investments including RCSAs, risk assessment, and governance. Lori works to promote a proactive risk culture through key processes around new business, model risk, and risk event reporting.
Prior to joining AIG, Lori was Head of Client & Operational Risk for Deutsche Bank GTB Americas region with responsibility for the development and implementation of methodologies, processes, and tools to measure, report, and mitigate key operational risks and emerging risk. Prior to Deutsche Bank, Lori was the Head of Bank Operational Risk Oversight for the Americas region at Credit Suisse. Before her Operational Risk roles, Lori was Managing Director and Head of Asset Management at AMBAC; head of Taxable Fixed-Income portfolio management at American Express; and was a private placement portfolio manager with AIG. Lori has her Bachelors in Finance and her MBA in Finance from The Ohio State University, and is a CFA.

Ken Abbott is currently on the faculty at Baruch College where he teaches both undergraduate and graduate students. He also is an adjunct faculty member at Claremont Graduate University and NYU. Until May 2018, he served as Chief Risk Officer for the Americas at Barclays a position he held since 2015. Prior to that, he spent nine years at Morgan Stanley, where he served as Chief Operating Officer for all Firm Risk. He also covered Commodities, Rates, FX, Retail and Emerging Markets businesses at Morgan Stanley, and was CRO for Its buy-side activity. Mr. Abbott spent 14 years at Bankers Trust in a number of trading, research and risk management roles. He also spent over 5 years at Bank of America in several senior Market Risk Management roles. Mr. Abbott currently sits on the Boards of the New Jersey Scholars Program, the Harvard Club of New Jersey, and CGU’s Financial Engineering Program, where he has recently been appointed as a Senior Fellow. Mr. Abbott has a Bachelor of Arts in Economics from Harvard University; a Master of Arts in Economics and Master of Science in Statistics and Operations Research from New York University. Mr. Abbott is an avid musician, playing clarinet, saxophone, oboe, English horn, and tuba.

Arthur Lindo (Art) is the Deputy Director for Policy in the Federal Reserve Board's Division of Supervision and Regulation. His principal responsibilities include overseeing the development and assessment of the effectiveness of Board regulations and policies affecting the financial services sector and coordinating the Board’s domestic and international regulatory programs. He also advises the Board on emerging policy matters that have implications for the supervision and regulation of the financial services sector. He is an active participant in various committees in the Federal Reserve System and is the Chairman of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) and the Chairman of the Basel Committee’s Operational Resiliency Working Group. Art has a BA in Accounting from the Catholic University of America and a MBA in Finance from the George Washington University.

Beth Dugan is the Deputy Comptroller for Operational Risk at the Office of the Comptroller of the Currency (OCC).
In this role, Ms. Dugan oversees policy and examination procedures development addressing operational risk, bank information technology, cybersecurity and critical infrastructure, payments systems, and corporate and risk governance. She assumed these responsibilities in November 2014.
Prior to this role, Ms. Dugan served as Examiner-In-Charge of Citizens Bank, NA, in Providence, Rhode Island, where she managed a team of examiners covering all disciplines, activities, products, and aspects of the bank.
Throughout her career at the OCC, Ms. Dugan has held a variety of leadership roles in supervising large complex financial institutions as well as midsize and community banks and technology service providers. She has significant examination experience in technology, operations, audit, Basel II, enterprise governance, systems integration, and credit, capital markets, and trading platforms. She also participated on the OCC's initial reviews of major service providers based in India. Ms. Dugan is a commissioned National Bank Examiner and Certified Information Systems Auditor.
Ms. Dugan joined the OCC in West Virginia where she assisted in supervising all aspects of community and mid-size national banks throughout the southeastern and mid-Atlantic region. She holds a bachelor of arts in English and a master of business administration fromWest Virginia University

ohn D. (Don) Fort is the Chief, Criminal Investigation, headquartered in Washington, DC. He was appointed to the position in June 2017 and heads the Internal Revenue Service Division responsible for investigating criminal violations of the tax code and related financial crimes. Mr. Fort oversees a worldwide staff of nearly 3,300 CI employees, including approximately 2,200 special agents, who investigate crimes involving tax, money laundering, public corruption, cyber, ID theft, narcotics and terroristfinancing. Prior to his current position, Mr. Fort served as the Deputy Chief where he supported the Chief in managing the day-to-day activities of the Headquarters Criminal Investigation organization. He also advised the IRS Deputy Commissioner (Services and Enforcement) and IRS Commissioner on Criminal Investigation matters. Criminal Investigation promotes tax compliance, addresses emerging areas of fraud, and meets the needs of the law enforcement community by supporting national crime initiatives. CI investigates and assists in the prosecution of significant financial investigations that will generate the maximum deterrent effect, enhance voluntary compliance, and promote public confidence in the tax system. Chief Fort began his Internal Revenue Service career in 1991 as a Special Agent with the Criminal Investigation Division in the Baltimore District. He has held the increasingly responsible positions of Supervisory Special Agent, Orlando, Florida; Senior Analyst and Acting Director, Office of Special Investigative Techniques, CI Headquarters, Washington, DC; Assistant Special Agent in Charge of the Baltimore and Washington DC Field Offices; Special Agent in Charge of the Philadelphia Field Office; and, Deputy Director of Strategy, CI Headquarters. Mr. Fort entered the Senior Executive Service in January 2011 when he was appointed to serve as a Director of Field Operations, the position he held until his appointment as Deputy Chief, CI. Mr. Fort has a Bachelor of Arts Degree in Management with a minor in Accounting from Gettysburg College. Mr. Fort is a licensed CPA in the State of Virginia and is a native of Pittsburgh, Pennsylvania.

Nitish is a Principal with Deloitte Risk and Financial Advisory in New York and serves as the East Region leader. He has more than 20 years of financial services experience in capital markets and regulatory consulting. At Deloitte, Nitish's primary focus is the delivery of large complex projects for clients in the financial services industry, specifically projects requiring review and transformation of risk operating models; risk and controls governance; and assessment and enhancement of operational risk management programs. More recently, Nitish has been assisting clients with the introduction of big data techniques and leveraging analytic and predictive models to deliver increased value to operational risk managers.

Nitish serves Deloitte's largest banking and broker/dealer clients and had led projects in the U.S., Europe and Asia. In a prior role, Nitish worked in a change role with a global investment bank. He also has prior experience with the consulting business of a global professional services firm working primarily in the area of back office operations and process improvement.

 

Ivan is a seasoned Risk Manager, with diverse Business and Geographical experiences.

Ivan is currently VP at Guardian Life of America, where he leads the firms Operational Risk function. He is a member of the Corporate Risk Committee and is also responsible for Third Party Risk and Business Resiliency. More recently he was Chief Operational Risk Officer at Santander Bank US Holdings, where he had responsibility for the Operational Risk, Third Party Risk, Business Continuity and Information Management Programs. His primary focus at Santander was developing a Risk program in preparation for the Regulatory CCAR exam.

Prior to his role at Santander he was at GE Capital for close to four years as Managing Director-Head of Enterprise and Operational Risk for GE Capital Americas. In this role he had responsibility for Operational Risk, Governance, Risk & Control Assessments and Records Management. His primary objective was to develop a program that would make meaningful impact towards a cultural shift in Operational Risk Management.

Before GE he was at Citigroup for close to 21 years in multiple roles. His last role at Citi was as Global Head of Operational Risk for the Consumer and Commercial bank and was directly accountable for defining the framework and strategy for Operational Risk and in preparing the Bank for Basel AMA Compliance.

During the period of 2003-2010, Ivan held several roles in Europe and the Middle East, first as Audit Director for the Consumer Bank (based in Belgium), then as Country Risk Officer for Spain (based in Spain) and also Regional Credit Officer for Spain and Portugal. As a Senior Credit Officer he successfully managed the prelude and 1st phase of the economic crisis in Spain and Portugal.

Prior to his time in Europe, Ivan was with Banco Santander in Sao Paolo Brazil, where he was Business Manager for the Mid-Small Market segment. Other roles include Citi Bank CRO in Brazil, Venezuela and Colombia.

Ivan is married with 2 children. He is an Economist with an MBA and also holds degrees from Duke University and the London Business School. He is fluent in Spanish and Portuguese.

 

 

Marcelo Cruz is the Managing Partner of Yacamy Advisors, a boutique consulting firm. He is also the Editor-in-Chief of the Journal of Operational Risk and an adjunct professor at the New York University. Previously he was the Chief Risk Officer of Ocwen Financial and Aviva plc and global head of operational risk at Morgan Stanley and Lehman Brothers. He is always a junior partner at McKinsey & Co. He holds a PhD in Mathematics by the Imperial College in London, a M.Sc. in Financial Mathematics, an MBA and a B.Sc. in Economics.

Flora Sah is the Chief Risk Officer for Global Risk Management at Bank of America. She is the lead risk partner and central delivery conduit, responsible for driving ownership, execution, and oversight between the technology teams and the horizontal risk functions to provide a holistic view of all risks and create robust future state strategy and implementation roadmap.

Before joining Bank of America, Flora was the executive advisory council at Gerson Lehrman Group, responsible for business advisory and technology consulting. Prior to that, Flora held multiple leadership roles at State Street Corporation, including COO of Enterprise Risk Management, Head of Risk & Regulatory Technology, and CTO & Head of Vendor Risk Management. Before joining State Street Corporation, Flora spent several years at Cambridge Technology Partners where she led consulting practices in financial services, retail, and healthcare industry.

Flora holds a M.S. in Engineering Management from Northeastern University and a B.S. in Industrial Engineering and Information Systems from the University of Massachusetts at Amherst.

Brendan Goode is a Managing Director and the Global Head of Cyber Risk at Citigroup. Brendan is responsible for improving cyber risk management, strengthening controls, and overseeing independent assessment and credible challenge activities in order to reduce the exposure to current and emerging cyber threats to vital assets, reputation, and operations.
Brendan joined Citigroup in 2017 from Deutsche Bank where he was previously a Managing Director and the Global Head of Information Security Operations and the Regional CISO for United Kingdom & Ireland. During his time there, Brendan led a 24x7 global team focused on the active detection and countering of cyber threats through the delivery of cyber threat management, security incident response, malware response, forensics investigations, vulnerability management, and data leakage prevention. He was also responsible for the implementation of the global CISO strategy across lines of business in the region.
Prior to his tenure at DB, Brendan was a Senior Executive Service (SES) member and the Director of the Network Security Deployment (NSD) at the Department of Homeland Security (DHS). In this role, he was responsible for the design, delivery and production support for intrusion detection, prevention and analytic capabilities. These systems, referred to as EINSTEIN, provided an active defense capability against highly-advanced and sophisticated cyber threats. Brendan also led technical efforts to establish information sharing capabilities between public and private sector organizations in order to improve the overall security of critical infrastructure systems. His efforts resulted in a NIST Innovation Award and a CSO40 Award for initiatives that demonstrate outstanding business value and thought leadership.
Prior to joining DHS, Mr. Goode was at Booz Allen Hamilton. During his time there, he provided strategic and technical guidance in the areas of systems engineering and integration, program management, policy and governance, and acquisition services to senior executives in DHS and the Department of Defense (DoD).
Mr. Goode holds a Bachelor of Science Degree in Electrical Engineering from the Virginia Polytechnic Institute and State University and a Master of Science Degree in Electrical Engineering from the University of Central Florida.

Graeme Farrell is a Managing Director and Chief Operational Risk Officer at AQR Capital Management, a global investment management firm. In this role he is responsible for designing, building and maintaining all components of the Firmwide ORM Framework. Prior to joining AQR, Graeme was the Global Head of Operational Risk Management Framework at JP Morgan Chase. Graeme has an M.A. in International Financial Analysis and a B.A. in Accounting & Law.

Manan N. Rawal, EVP and Head of Model Risk Management of HNAH since September 2017.  He joined HSBC in 2008 and has held positions in client risk management, market risk, and stress testing.  Prior to joining HSBC in 2008, Mr. Rawal has held trading and asset management roles at DKR Capital, Advent Capital, Swiss Re and Deutsche Bank spanning a period from 1994 – 2007.

He has an international executive MBA (Trium – HEC Paris, NYU, and the London School of Economics), M.Sc. in Economics (London School of Economics) and a B.S. in Finance from the Wharton School (University of Pennsylvania). He is also an adjunct faculty member of the New York Institute of Finance (https://www.nyif.com/).

His interests include thinking about the impact of technology / data / analytics on society, wine, traveling, and focusing on the positive.

Matt Duditch is Senior Vice President, Operational Risk Management at U.S. Bank. Matt's team manages all aspects of the Operational Risk Management Framework for U.S. Bank including loss data, RCSA, scenario analysis, policy, risk appetite, reporting, governance, stress testing, capital oversight and key operational risk programs such as: issue management, key indicators, root cause analysis, and control monitoring and testing.
Matt has circa 20 years of financial services experience in both the U.S. and Canada. Prior to U.S. Bank, Matt held a variety of leadership positions for HSBC and Royal Bank of Canada. He has a breadth of experience including operational risk , credit risk, and enterprise risk management.
Matt has his undergraduate degree from California State University of Monterey Bay College of Business. He has an Executive MBA from the Kellogg-Schulich School of Management Global EMBA Program. He also has a professional certification of Advanced Risk Management from Wharton School of Business and the Risk Management Association. Matt is active in industry groups including the Risk Management Association and American Bankers Association. Matt is also active with local non-profit organizations serving his local community.

Etsuko (Ekko) Jennings is Global Head of Operational Risk for Morgan Stanley Investment Management. In this role, she is responsible for ongoing analysis, reporting, and mitigation of Operational Risk covering both public and private assets. She joined Morgan Stanley Investment Management in 1995 and has over 25 years of financial industry experience. Her recent areas of focus include 3rd party risk management, change management and KRI/KPI implementation. Ekko received an undergraduate degree from Keio University in Japan and has a Master's Degree in International Relations from University of North Carolina-Chapel Hill. She serves as a co-chair of SIFMA AMF Operational Risk Committee.

Filippo is a financial economist in the Quantitative Supervision and Research (QSR) unit of the Federal Reserve Bank of Richmond. Filippo joined the Richmond Fed in 2014 after earning his doctorate in Finance at the University of Arizona. Prior to moving to the US, Filippo worked one year for Toro Assicurazioni S.p.a. (now Assicurazioni Generali S.p.a.) and obtained his master degree in Actuarial and Statistical Science from the University of Turin. Since he started working for the Richmond Fed he has been heavily involved in Operational Risk as both modeler and examiner.

Luke is Head of Analytics and Research at ORX where he leads many industry initiatives spanning Operational risk modelling and management. He is also responsible for delivery of a wide range of ORX information and benchmarking including Loss Data, ORX News and the Scenarios Program. Prior to Joining ORX Luke held a variety of positions in Banking, Technology and Academia. Dr Carrivick holds an MBA, PhD and M.A in Mathematics from Cambridge University.

Nedim Baruh leads the Operational Risk Capital and Analytics function at J.P. Morgan Chase ("JPMC") and is responsible for the Operational Risk Capital and Stress Testing processes.

Most recently, Nedim has been leading JPMC's effort to enhance its Scenario Analysis program by developing factor based models to assess its material risks. This work will help JPMC bridge the gap between operational risk measurement and management.

Prior to joining JPMC, Nedim was part of the Algorithmics Operational Risk advisory function and led many client engagements in the operational risk space.

Nedim has a B.S. in Economics from the University of Pennsylvania.

 

Michael J. Colasso serves as the Head of Operational Risk at SunTrust Banks. Inc, in Atlanta, GA and his team is responsible for the enterprise operational risk framework, including designing enterprise-wide risk assessment and control testing programs and supporting the Governance, Risk and Compliance (GRC) systems. Prior to joining SunTrust, Michael served as a large bank senior examiner Federal Reserve Bank (FRB) of Atlanta and spent the majority of that time leading examinations to evaluate mortgage servicing operations, enterprise operational risk programs, internal audit, and third party risk management frameworks against the requirements of supervisory guidance. Michael previously held roles at public accounting and financial institutions, where he focused on forensic auditing and core P&L accounting. He is a graduate of Emory University in Atlanta, GA where he received both the John R. Jones and the Ben Pius Accounting awards. He is a Certified Public Accountant, Certified Fraud Examiner and Commissioned Safety & Soundness Bank Examiner.

Bonnie Frank serves as Vice President, Enterprise Risk and Crisis Management, leading a team of diverse risk professionals. She is responsible for ensuring a robust enterprise risk framework that includes non-investment and operational risk management, crisis management, employee safety and travel security, and the Corporate Global Insurance Program. Graduating from McGill university and then with a Bachelor of Laws (LLB) from the Université de Montréal, Bonnie began her career at Aon Risk Solutions, eventually serving as an Assistant Vice President. She then went on to work in Strategy Planning and Risk Management at the Business Development Bank of Canada before joining PSP Investments. Outside of PSP, Bonnie champions a comprehensive risk management approach. She sits on the Board of Trustees and is the chair of the Risk & Safety Committee of a private independent school in Montreal and is a client advisory Board member for International SOS. She is a member of various risk associations including the Professional Risks Managers’ International Association as well as RIMS and was recently named as a Leading Risk Manager by Insurance Business Canada.

Joy St John, Advisory Director, Operations & Compliance Risk, KPMG LLP Joy is a Director in KPMG’s Operations & Compliance Advisory practice. She has more than 16 years of compliance and risk management experience within the financial services industry. She specializes in convergence of risk management programs, complex international transformation initiatives and program implementations. She is as a culture change champion. She has helped firms respond to significant changes in regulatory requirements and remediate regulatory findings. She has also provided subject matter knowledge and guidance to leading regional and global financial institutions in the following areas: new product launch and due diligence, transactions with affiliates, third party management, loan default servicing, all customer communication and marketing reviews.

Joe Iraci is a Managing Director at TD Ameritrade where he heads the Financial Risk Management team. Prior to this position he headed the Financial Markets Services Group, and the Corporate Risk team. Prior to joining TD Ameritrade Joe held several senior risk management positions within Fidelity Investments at both Fidelity Employer Services Corporation and Fidelity Brokerage Company. Joe previously had been the Head, New Business Operations, UBS AG, and the Regional Head Americas / Deputy Global Head of Operational Risk at Deutsche bank AG, a position he assumed from heading the Business Risk Management for Deutsche Bank's Corporate Trust and Agency Services business. Prior to joining Deutsche Bank, Joe had been a Bank Examiner with the FDIC and served in the United States Marine Corps. Joe completed his undergraduate studies at St. John's University and received his MBA from New York University.

Joshua Kotok is the Chief Risk and Compliance Officer at First Savings Mortgage Corporation. Joshua is an accomplished executive with demonstrated performance in leading operational and technology risk management and compliance initiatives. In addition, Joshua has identified and assessed operational and information technology risk from the regulatory and audit perspectives.
Prior to joining First Savings Mortgage Corporation, Joshua was the lead examiner for ongoing monitoring and targeted examinations of Freddie Mac's Operational Risk program for the Federal Housing Finance Agency (FHFA). Joshua also served as the Senior Manager of Operational and Technology Risk for the Making Home Affordable program where he led the development of the ORM framework and all supporting components. Joshua also has prior experience as a Big Four management consultant where he led several engagements for Financial Services clients specializing in operational, technology and compliance risk reviews, governance and supporting technology implementation (GRC).
Joshua holds a Bachelor of Science degree in Information Systems from Florida State University. Joshua is a Certified Fraud Examiner (CFE) as well as a Certified Information Systems Auditor (CISA). In addition, Joshua has held numerous industry association board positions including serving as the President and Education Director of the ISACA South Florida chapter and Vice President of the iCoast CIO council. Joshua is also a past presenter for the Global Association of Risk Professionals (GARP) and the Operational Risk North America conferences.

Paul is currently a Business Operations Director, part of the first line of defense controls team within the Commercial Bank. In that role he develops and implements strategies to actively manage the risk and control agenda and is involved in identifying business re-engineering and innovation opportunities. Previously and within JPMorgan Chase, Paul was part of the Operational Risk teams within the Commercial Bank and Mortgage Business. He was actively engaged in overseeing the implementation of the Operational Risk Management Framework, and was responsible for providing continuous independent monitoring and challenge of the operational risk profile for the business. He partnered with the line of business and key stakeholders to develop and implement strategies to actively manage operational risk. Prior to joining JPMC, Paul worked in Operational Risk at Morgan Stanley. During his tenure there, he managed a global Operational Risk team supporting the Finance function and spent some time in the Corporate Operational Risk arena. Early in his career, Paul spent time working at Deloitte to become a CPA, and in various internal audit positions at the Sydney Futures Exchange in Australia and HSBC in London.

Tanya joined Credit Suisse in January 2017 from Citi where she spent 16 years in various senior Business, Risk and Compliance roles; her most recent roles included the North America Head of Conduct Risk and Head of Risk Management Practices for the US & Latin America International Private Banking Business. 

At Credit Suisse Tanya is the Global Conduct Risk Head focused on the continual development of the Global Conduct Risk Strategy. She is a regular speaker on Conduct Risk at the biannual risk.net training industry training forum.  Tanya obtained a Masters in International Affairs from Columbia University in New York, NY in May 2000 and a Bachelor of Arts in International Careers from the Lehigh University in Bethlehem, PA. 

Damian Matich, Global Head of Fraud Analytics for NICE Actimize, has over twenty years of experience in Analytics and Financial Crime working in consulting, business development and programme management.  He has worked with the largest global banking institutions, highlights including UK first in real-time card fraud detection and global firsts in Online Banking and First Party Fraud.  Major programmes he has led have delivered in excess of $500M in client benefit.  His research interests include multiple topics in the Economics sphere typically related to the application of analytics to consumer portfolio risk.

Prof. Aymeric Kalife is the Head of Savings & Variable Annuities at AXA Group, and an Associate Professor in Finance at Paris Dauphine University. His career at AXA includes various roles as in Risk Management since 2007. Prior to AXA, Aymeric was a volatility analyst at Deutsche Bank, a hybrids derivatives structurer at Merrill Lynch, a quant analyst in commodities derivatives at EDF and in interest rates derivatives at ABN AMRO. 

His research interests are in hedging market liquidity risk for flow and structured products, variable annuities product design and hedging strategies, and the modeling of insurance products policyholders' behavior. He holds 6 masters degrees from Polytechnique, HEC & ESSEC Business Schools, ENSAE, Sorbonne and Science Po, and a Ph.D at Paris Dauphine Universities.

Dan Navarino is a talented and seasoned executive with over 30 years of experience in financial services, and consulting. He brings a wealth of expertise with particular strengths in areas such as third party risk, financial management, organizational redesign, financial reporting systems, profit and loss reporting (P&L), and both financial strategy and long term budgetary oversight. Dan has significant experience in financial management of global shared services organizations. With an abundance of global experience, Dan has a proven ability to solve complex problems, and adjust to changing business requirements. Recently, Dan served as Managing Director and Global Process Owner at Citigroup, where he was responsible for the design, development, and implementation of Citi’s inter-affiliate program. Under his guidance, Citi’s inter-affiliate program was praised by the regulators. The successful implementation involved a very complex structure, with more than 300 internal service providers and 400 internal service receivers. Prior to serving as the Global Process Owner, Dan held various positions as CFO for many diverse business units. As CFO for Citi’s Technology organization, Dan was the finance lead for Citi’s IT Optimization program, resulting in annual savings in excess of $1 Billion. Dan also founded the IT Financial Management Sharing Forum (ITFM), an executive sharing forum designed for Financial Executives as an opportunity to discover ways to excel and achieve a more efficient operating environment. Under my leadership, the ITFM grew to 13 companies, including CISCO, IBM, New York Life, Chubb, First Data, Keiser Permanente, Microsoft, and UPS. In addition, Dan is the Trustee of the Sal Navarino Charitable Foundation, providing scholarships to worthy high school students since its inception.

Penny is a Managing Director and Head of Operational Risk Governance for the Americas with MUFG Union Bank, where she currently manages the Operational Risk framework, practices, regulatory responses and core programs. Operational Risk & Regulation magazine awarded Penny three awards for her contribution to the field of operational risk, including a special industry award in 2011. Penny has published widely, including authoring the chapter on Risk and Control Self Assessments for the PRMIA Operational Risk Manager Handbook.

Kevin Mahn, President and Chief Investment Officer, HENNION & WALSH ASSET MANAGEMENT

Kevin D. Mahn is the President and Chief Investment Officer of Hennion & Walsh Asset Management, Mr. Mahn is responsible for all of the Wealth and Asset Management products and services offered at the Firm including the portfolio creation and portfolio supervision of the various portfolio strategies within the SmartTrust® series of Unit Investment Trusts (UITs). Mr. Mahn also was the Portfolio Manager of the family of SmartGrowth® Mutual Funds. These mutual funds were target-risk oriented "mutual funds of ETFs" designed to track the Lipper Optimal Indices.

Mr. Mahn is the author of the quarterly "ETF and CEF Insights" and "Market Outlook" newsletters as well as a co-author of the book, Exchange Traded Funds: Conceptual and Practical Investment Approaches, © 2009 Riskbooks. Mr. Mahn is a member of the Forbes Investor team and a frequent contributor to the Forbes Intelligent Investing blog and the Seeking Alpha website.

Prior to Hennion & Walsh, Mr. Mahn was a Senior Vice President at Lehman Brothers where he held several senior management positions, including CAO of the High Net Worth Product and Services group within Lehman's Wealth and Asset Management division as well as COO of Lehman Brothers Bank, during his eleven year tenure with the Firm.

Mr. Mahn received his Bachelor's degree in Business Administration from Muhlenberg College and his M.B.A. in Finance from Fairleigh Dickinson University. Mr. Mahn has also served as an adjunct professor at Fairleigh Dickinson University within the Department of Economics, Finance and International Business. In 2015, Mr. Mahn received the "50 Under 50" award, which recognizes the College's top alumni business leaders under the age of 50, from the Silberman College of Business at Fairleigh Dickinson University.

Mr. Mahn currently serves as Co-Chair of the NICSA UIT Industry Committee and won the 2014 and 2016 NICSA MVP Awards for his accomplishments in this role as well as the Rising Stars of Mutual Funds Award from Institutional Investor in 2009.

Interviews with, as well as byline articles and insights from, Mr. Mahn have appeared in/on CBS News, CNBC, Fox Business News, Wall Street Journal, Investor's Business Daily, Fortune, Forbes, New York Times, Financial Times, USA Today, Bloomberg, Business Week, Reuters, Wall Street Week, CNNMoney.com, SmartMoney, Investment News, Yahoo! Finance, Reuters, The Street.com and MarketWatch.

Nikki Covino is the Regional Head of Business Continuity for Credit Suisse (CS). In this role, she is accountable for Business Continuity for all CS offices in North and South America. In her role as part of the risk organization, she is responsible for review and challenge of all business plans for contingency and for governance of Disaster Recovery testing. In addition, she is the lead Crisis Manager for the region and has led many events over the past 12 years including hurricanes, earthquakes, blackouts, fires and IT outages.

Prior to Credit Suisse, Nikki worked at Merrill Lynch in the FX Technology area. As part of that role, she assisted in the development of a Risk system for trade matching.

Nikki earned her bachelor's degree in Economics from University of Massachusetts, Amherst. She currently lives in Manhattan with her husband and 2 teenage daughters.

 

o Michael is a Boston-based partner in EY’s Financial Services Office (FSO) Advisory Services practice where he leads the New England FSO Advisory practice. In addition, Michael is a leader of the Third Party Risk Management (TPRM) team, advising clients on operating models for TPRM and supporting them with execution of third-party risk assessments. He has also run large scale programs focused on regulatory requirements related to financial crimes, OFAC sanctions, enhanced prudential standards (EPS) as well as establishing enterprise program management capabilities. o Michael brings over seventeen years of experience in the Financial Services industry serving Banking and Capital Markets and Insurance clients in the areas of Third Party Risk, Regulatory Change, Enterprise Risk Governance, Credit Risk and Capital Management. Michael is a graduate of Villanova University with a BS in Accountancy and holds an MBA from Columbia University. In addition, he is a Certified Public Accountant in the states of New York and Massachusetts

Tom Osborn is the desk editor of Risk.net’s risk management coverage. Prior to joining Risk, he reported on the futures and foreign exchange industries for Dow Jones' Financial News and the Euromoney group of publications. Tom holds a bachelor’s degree in English literature from the University of Warwick, UK.

Hakan Danis is currently Director in MUFG Union Bank where he is responsible for the BHC stress scenario design, expansion of supervisory scenarios and projecting 150+economic series under each scenario for use in CCAR, Mid-cycle DFAST, ICAAP, RRP, JFSA and monthly budget baseline scenarios. He has developed two challenger models (C&I and CRE credit loss) and a model that has been used to rank scenarios based on their severity. He actively participates in Review & Challenge and represents the Risk group in Overlay Committee meetings. Prior to joining MUFG Union Bank, he was Senior Economist in the Research Department at BBVA, where his forecasts were accepted one of the most accurate forecasts of U.S. economic trends in 2010 and 2011 by Bloomberg. He holds a PhD in Economics from Terry College of Business, UGA and is expert in time series econometrics and monetary policy. He has published several academic papers and worked as editor and guest editor in academic journals.

Rajeev (Raj) Davé has over 20 years of Compliance, Information Security, Operational Risk and Financial/IT Audit experience. Currently, Davé is the Americas Head of Surveillance at Barclays based in New York City. His work is focused on managing functions and compliance risks across E-Communication, Trade and Control Room activities supporting Barclays businesses across the Americas region. Previously, Davé spent almost 9 years as a VP working in Compliance and Internal Audit with Goldman Sachs in the Chicago, Salt Lake City, New York and Bangalore, India offices. He also spent almost 5 years at the Bank of Montreal Group of Companies in Operational Risk and IT Audit and almost 2 years with KPMG in their Information Risk Management practice. He also practiced risk management at an internet startup venture early in his career and is very interested in researching and deploying enterprise risk techniques to disruptive and emerging technology centric organizations. Over the course of his career Davé has developed and delivered live risk management training to over 10,000 individuals on 5 continents. He thoroughly enjoys classroom engagement with students and is an avid believer in bringing, where applicable, real life examples into the class room to enhance group discussions and learning. Davé has a B.S. in Accountancy from the University of Illinois Urbana-Champaign, an M.S. in Information Systems Management from Loyola University in Chicago, an M.B.A. from the University Of Chicago Booth School Of Business and is a registered Certified Public Accountant in the state of Illinois (Inactive) status.

Dimitris has over 12 years' experience in OpRisk management. He has been with Credit Suisse since 2010 and heads the global Operational Risk Capital & Modelling department which is responsible for the regulatory & internal capital processes including AMA, ICAAP, CCAR, etc. Before CS he was with Lloyds bank and he is a mathematician by training.

John Bottega is a senior strategy and data management executive with more than 30 years of experience in the industry.  As the former Chief Data Officer at Bank of America, John was responsible for driving the enterprise data management strategy for the firm.  This included championing the data management policy and standards, establishing and operationalizing data governance, working with technology to define the data platform, infrastructure and tool simplification, and supporting the bank's data scientist team in their efforts to drive improved information analytics.

Before coming to Bank of America John was the Chief Data Officer for the Federal Reserve Bank of New York (FRBNY) where he worked with domestic and foreign regulators on financial sector data management and data quality.  While at FRBNY, John led the effort to define and establish a new international data standard known as the LEI (Legal Entity Identifier), a global standard for unique organizational identification, key to enabling and strengthening system risk analysis in support of global financial stability.  During his time at FRBNY, Bottega also served as a Senior Advisor to the Director of the Office of Financial Research (OFR), an agency established by the Dodd-Frank Act within the US Department of the Treasury, responsible for analysis and monitoring of industry-wide systemic risk.  

Prior to joining the Federal Reserve Bank, Bottega was Chief Data Officer for Citigroup's Corporate and Investment Banking group where he defined their data management improvement strategy and roadmap. While working with Citigroup he led an effort that reduced the bank’s BASEL capital risk exposure through improved data quality initiatives, and resulted in significant bottom line savings to the firm.  Prior to Citigroup, he worked for other financial institutions including Credit Suisse, Merrill Lynch and Lehman Brothers.

Bottega currently serves as the Executive Director of the Enterprise Data Management Council (EDMC) and is a member of the Executive Advisory Board of NewVantage Partners. 

Cenk Ipeker, Head of NICE, ACTIMIZE CLOUD

Cenk Ipeker currently heads the NICE Actimize Cloud business, based in Hoboken, New Jersey, focused on financial crime solutions. Joining NICE in 2013, Cenk initially led the development of NICE Actimize's long term strategy and M&A efforts. Prior to joining NICE, he founded a SaaS business providing payments, billing, and cash flow management applications for SMBs and lenders. He also was the Senior Vice President of Business Development for Fundtech, a leader in transaction banking systems.

Mark has over 30 years’ experience in global capital markets, consulting and associated technologies, focusing on risk management, front- and middle-office platforms and data management. Before Chartis he held executive positions in large global financial institutions, consultancies and FinTechs, in various roles including platform and software development, solution architecture, large-scale program management, vendor selection and implementation, and strategy development and execution.

With a background covering the front, middle and back office, Mark brings to Chartis a holistic view of business, technology and regulatory issues across the enterprise, and how these issues can be addressed by leveraging appropriate technology solutions. His primary focus has been risk technology, and his work in this area includes: leading the global teams for risk technology at RBS Capital Markets and AIG; working with middle- and front-office technology teams at Barclays Capital; extensive consulting experience with major consulting organizations including EY and Deloitte; and extensive vendor experience, including time at Algorithmics and Misys (now Finastra). Mark has an MA from Oxford University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Ed Kim is the Head of Operational Risk Consulting at OpRisk Advisory, U.S. where he leads risk advisory teams and provides full range of Operational Risk Framework, Management, Metrics, Policy, and Transformation (TOM) consulting services to corporate clients.

Previously, Ed was the Head of Operational Risk, Americas at Standard Chartered Bank where he built and led the operational risk team in implementing an enhanced Operational Risk Framework, focusing on identifying, mitigating, and managing risks at process levels, especially around regulatory, AML, and Sanction risks. Prior to SCB, Ed was the Head of Operational Risk of .U.S. Wealth Management at RBC where he was responsible for implementing an enhanced AMA compliant Operational Risk Management Framework.

Overall, Ed possesses 20 years of hands-on provides leadership experience and knowledge in all areas of Operational Risk Management, Risk Strategy, Internal Controls, Process Enhancements, and the regulatory environments in which they operate.

 

Yonesy F. Núñez is the Group Information Security Leader for Wholesale, Wealth and Investment Management & International for Wells Fargo Enterprise Information Security.  Prior to joining Wells Fargo, Yonesy was SVP and Group Information Security Officer – Enterprise Strategy for Citi’s Corporate Center Businesses where he helped promote business objectives by aligning and utilizing information security risk management as a business differentiator throughout Citi.   He was also the Practice Leader for PwC’s Philly Metro IT Risk & Security Assurance Practice, CISO - Director of Information Security at The New School, CISO - Global Manager, IT Governance, Security, and Compliance at Pall Corporation where he introduced the first holistic global information security, IT governance, and compliance programs. 

Mr. Talal Mahmud is in the financial crime compliance (FCC) function at Standard Chartered Bank (SCB) USA looking after Advisory Function for Transaction Banking and Corporate Finance. But his primary area of expertise and coverage is to manage the FCC risk for Trade Finance business in Americas. He is also the chair of the BAFT Trade Compliance Committee. Talal has over 19 years of experience across Trade Finance, Treasury Operations, Transaction Banking Sale, Product Management, Corporate Banking Relationship Management, Operational Risk and now FCC. His career has seen him work in South Asia, Middle East and ASEAN before his move to USA in 2015. In his previous role in Singapore he was the three co-author of current SCB’s Trade AML Program / Operating Model which was completely revamped in 2013-14.

Michael Barton is the Director of Operational Risk Quantification and Scenario Analysis at AIG.  In his role, he leads the development and implementation of operational risk stress testing, economic capital estimation, and allocation of those estimates to the business lines, as well as supporting the development of and quantification of operational loss scenarios for the organization.  In this role, Michael has worked extensively with cyber and business professionals around identifying and quantifying cyber risk.  Before working at AIG, Michael was the Head of the Regulatory Solutions Quantification group in U.S. Bank’s Corporate Treasury department.  In this role, he was responsible for CCAR/DFAST and Regulatory Capital modeling for Operational Risk as well as setting up a governance framework for models and analytical tools in the Corporate Treasury department.  Previous to those roles, Michael worked in an actuarial capacity at Sun Life Financial in Boston handling variable annuity reserving, fixed and variable annuity lapse study estimations, and retirement product pricing.  He held a similar variable annuity reserving role in Security Benefit Corporation in Topeka, KS before that.  Michael has a Bachelor’s Degree in Mathematics with an Actuarial Emphasis, and a Master’s Degree in Theology.

Andrew Richardson is experienced in developing, implementing, and leading risk management at Canadian federally regulated financial institutions. Andrew was appointed Vice President Enterprise & Operational Risk Management in March 2017. Since joining Coast, Andrew led the development of both the Enterprise Risk and Operational Risk functions, levering his knowledge of both these functions at federally regulated financial institutions and at a large credit union in Ontario. Prior to joining Coast, Andrew was Director Risk Management with Meridian Credit Union (Meridian) in St. Catharines, Ontario. In this role, Andrew led the assessment and remediation planning of Meridian's risk management practices to align with Canadian Federal Regulations. Prior to joining Meridian, Andrew was with BMO Financial Group (BMO) where he held roles in product management and operational risk management.

Alexander Campbell is the divisional content editor for Risk.net. He was formerly the editor of Operational Risk & Regulation and news editor of Risk magazine. He is based in London.

Marco Migueis is a principal economist at the Division of Supervision and Regulation of the Federal Reserve Board. Marco represents the Board at Basel Committee’s working groups on operational risk and liquidity, and led analytical work on the development of the new standardized approach for operational risk capital. His operational risk experience also includes the examination of AMA and CCAR models of multiple US GSIBs. Marco has published multiple research articles, including two at the Journal of Operational Risk. Prior to working at the Board, Marco worked at the FRB of Richmond and Fannie Mae. Marco earned his PhD in Economics from the Massachusetts Institute of Technology.

 

An accomplished third-party risk management professional with hands-on experience in vendor risk management frameworks. Karine graduated from law school and supported several compliance and third-party management functions in financial institutions and independently. Karine is fascinated by continued growth of third-party relationships and complexity of risks that come with it. In her free time, Karine loves spending time with her family and friends, painting and volunteering.

Prior to joining Promontory, she spent nearly 10 years at Goldman Sachs, where she served, most recently, as global co-head of business information risk. She led a global team in the design and firmwide implementation of information-security strategies, conducted comprehensive risk assessments, and oversaw mitigation planning related to critical third parties, global systems, and software. She was a primary contact in Goldman’s dealings with U.S. and Mexican bank regulators on matters related to business continuity and information security. She also played a key role in application security, privilege management, and data privacy. She previously served as Goldman’s head of business continuity in the Americas. Earlier in her career, Judith spent more than 15 years in management consulting, delivering complex technology-management programs for large corporate and U.S. government clients.

Evan G. Sekeris is a Partner in the Financial Services practice of Oliver Wyman, based in Washington, D.C.. His areas of focus are operational risk, stress testing and model risk management. Evan's background is in the measurement and quantification of credit risk and operational risk.  His primary focus is currently on supporting institutions in building operational risk modeling for stress testing, developing their risk identification process and developing their model risk management frameworks.
Some of his recent client engagements include:
For a foreign global bank, helped them develop a comprehensive operational risk framework for their US based IHC. Ensured both integration of the framework in their international framework as well as US regulatory compliance.
For a large internationally active US bank: supported major change of course in CCAR operational risk stress estimates a few months prior to submission in reaction to regulatory guidance.
For a large regional bank: built their CCAR loss projection model and wrote the documentation for the full CCAR operational risk submission.
For a global bank conducted a validation of their operational risk modeling framework for CCAR
  Prior to joining Oliver Wyman, Evan was the Head of Risk Consulting for Financial Institutions for Aon in Columbia, Maryland. He was in charge of building Aon's risk consulting practice for financial institutions and managed multiple teams based in North America and Europe to deliver services to clients worldwide. Previously, Evan was an Assistant Vice President of the Federal Reserve Bank of Richmond, where he created the center of excellence for operational risk which served the System needs for operational risk related matters. The team was in charge of the supervision of all AMA and CCAR banks in the US and developed the Fed's CCAR model for operational risk.
Evan earned a B.A. and M.A. in Economics from the Université Catholique de Louvain in Belgium. He received an additional M.A. as well as his Ph.D. in Economics from the University of California at Los Angeles.

Kris Devasabai is the New York-based editor-in-chief of Risk.net. Previously, he was bureau chief and US editor of Risk magazine. He manages the editorial team. Prior to joining Risk, Kris covered hedge funds, asset management, cross-border investing and law for several publications.

Kris holds a bachelor’s degree in law and government from the University of Manchester, and he completed his legal training at the Inns of Court School of Law in London. He was called to the bar of England and Wales in 2003.

Dominique has over 20 years of financial services industry experience and deep expertise in Operational Risk, Technology, and Process Transformation. Dominique is a Director at Mizuho Bank in the Americas Risk Department providing 2nd line of defense services to all business lines across Mizuho U.S. operations.
He is responsible for building out and overseeing the Operational Risk Management framework for a number of key risk domains including Third Party, Business Continuity, and Data Management. He developed the firm's Operational Risk Appetite Statement and leads the DFAST Operational Risk Loss Scenario Analysis process. Dominique also spearheaded the development of the firm's Key Risk Indicator Program.
Prior to joining Mizuho, Dominique has worked in similar capacities for some of the world's leading global banking institutions including Goldman Sachs, Morgan Stanley, Deutsche Bank and Citigroup. Dominique holds an MBA and a BS in Industrial Engineering from Rutgers University in New Jersey.

Kim Foo Chow is an engineer passionate about improving executive decision making through better understanding how people, data, and systems interact. As the Operational Risk Manager covering electronic algorithmic trading at Citi, he is responsible for developing control frameworks and risk assessments with the business teams. Kim Foo joined the Citi Operational Risk Management team in 2011 covering the Capital Markets businesses. He has 15+ years of risk management experience covering product approvals, data quality programs, strategic technology development, risk indicators, and resilient information security systems (Certified Information Systems Security Professional - CISSP). Kim Foo earned his Master’s degree in Operations Research & Industrial Engineering and Bachelor’s in Agricultural & Biological Engineering at Cornell University.

Jane helped establish ABA's Operational Risk Data Sharing Consortium (the ABA Consortium) in 2003 to collect operational loss data by business line and event type. Jane continues to lead the discussion on loss reporting and classification issues. Jane currently oversees ABA's operational risk peer benchmarking programs. She runs ABA's Key Indicators Working Group, which analyzes and identifies effective KRIs for banks' material risks; the Scenario Analysis Working Group, which shares ideas and insights into developing forward looking scenarios for use in stress testing and risk management.

Jane and her team of analysts have tracked fraud trend and prevention leading practices for card, check, online, ACH, and mobile channels. She has presented various survey results at industry events.

Jane holds a Ph.D. in Economics from the University of Maryland, College Park.